Onefuture Coachella Valley

Nonprofit profile at a glance

EIN
813653698
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Palm Desert, CA, USA
Phone
7606250422
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$4,020,091
Expenses
$3,729,453
Assets
$4,608,217
Liabilities
$613,849

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • SHEILA THORNTON (PRESIDENT & CEO)

Highest reported compensation

  • SHEILA THORNTON (PRESIDENT & CEO): $201,667 total reported compensation
  • ERNIE RIOS (VICE PRES. COLLEGE SUCCESS): $135,029 total reported compensation
  • KIM MCNULTY (VICE PRES. REGIONAL STRATEGY): $126,184 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Onefuture benefits students, employers and the region through the power of a coordinated community-wide investment. We bring education, employers, nonprofits and civic organizations together to implement a full cycle of resources along each student's journey, ensuring their college, career, and economic success. Bridging college to career pathways for students through college and career planning, career exploration and work experience, career guidance from local employers, internships, mentorships, networking and job connections.onefuture leads the regional plan for college and career success which outlines how education, employer and nonprofit partners will improve prospects of all students to advance in higher education and careers. Through this role, it is estimated that onefuture indirectly impacts 25% of the local student population, or 17,500 students.

What it reported doing in 2024

The coachella valley regional plan for college and career success mobilizes 300 local education, civic, and business leaders, all working together to empower students to achieve their academic and career goals. This has resulted in:$20 million in scholarships awarded to 3,300 students: 1,708 bachelor degrees, 986 associate degrees and certificates, 389 master degrees, and 47 doctorate degrees, 2007-2024.$8 million in scholarships to support rising healthcare professionals: 671 health degrees, 154 masters, 21 doctorates and 217 nursing degrees, 2007-2024.90% of onefuture scholars persist and re-enroll into the next academic year, 2024-2025.354 graduate healthcare interns, 64 employer hosts generating $1.3mil+ in wages. 75% fafsa completion rate giving students access to $300 million in financial aid, 2023.99% of onefuture scholarship recipients receive additional public and institutional financial aid.nearly 8,000 high school students participate in career and interest-themed programs.gents alliance, college and career success initiative has served more than 500 young men. Statewide and national recognition for innovation and collective leadershipa whole community uniting on a $3 million annual scholarship fund to get students in and through higher education.

Operating model

Revenue model
Donor-supported. 75% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 48
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.8%; rating input score 85
  • Program expense ratio: 91.1%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.2%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 1.24; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 15.8%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 11.3% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 14.7% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 13% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 84.8% of revenue deployed · 91.1% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3.4M in reported program spending
  • Leadership: top reported pay $202K · 13 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $113K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 56/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.